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Market Analysis 2026-07-12
Deep Market Analysis July 12: BTC Consolidates in $63K-$64K Range, Hormuz Strait Closure Triggers Risk-Off, BTC/Gold Ratio Hits Extreme Oversold Signaling Potential Major Reversal
BTC trades in $63.7K-$63.8K range over the weekend, down 0.6% on the day. Iran's IRGC Hormuz Strait closure sends oil surging, risk assets under pressure. BTC shows bid resilience near $63K. Polymarket: 99.2% BTC above $60K, 63.5% above $64K. BTC/Gold ratio at deepest oversold since 2010 (−1.81σ). Technically $64K is the pivot — break above targets $66K, failure retests $62K. Fear & Greed at 26 (Fear).